The Reason Foundation is a libertarian public policy think tank that promotes individual liberty, free markets, and limited government.  The Reason Foundation advocates for consumer freedom, school choice, and government reform. 
The Reason Foundation publishes Reason magazine and produces the ReasonTV web video series. 
The Reason Foundation is an associate member of the State Policy Network, a coalition of free-market state-level policy organizations.  While the Reason Foundation is non-partisan, members of its staff and board have affiliations with the Republican Party.
The Reason Foundation advocates for consumer freedom and against potential bans on e-cigarettes, flavored vaping devices, and menthol cigarettes. The Reason Foundation claims that bans on e-cigarettes could prevent smokers from switching to safer alternatives and that bans on flavored vaping devices will not necessary improve public health and could lead to the creation of an illicit market.  Along with other civil rights and criminal justice reform organizations including the left-progressive American Civil Liberties Union Reason Foundation opposes a U.S. Food and Drug Administration ban on menthol cigarettes. These groups claim that a ban will ultimately lead to criminalization, which will disproportionately impact people of color, and deprioritize public health concerns. 
The Reason Foundation advocates for school choice and believes students should be funded directly instead of school systems. It asserts that school choice in the form of education savings account (ESAs) allows more families to access alternatives to education in monopoly government-run schools, effectively equalizing opportunities. The Reason Foundation also combats the assertion of ESA opponents, who commonly claim that ESAs take money away from already underfunded public schools. 
The Reason Foundation advocates for government reform, especially reduced taxes and government budgets. The foundation opposes the Biden administration proposals to increase taxes, instead recommending cuts in spending and increases in the use of public-private partnerships to build infrastructure.  In light of the federal government’s COVID-19 pandemic response, the foundation also recommends that states, major cities, and counties should submit monthly cash reports in a standardized, timely manner to allow federal policymakers to better understand revenues and expenditures in real time. While some states and cities already provide these reports, the foundation asserts that if the country’s largest 200 state and local governments provided timely reports, improvements in data and analytics would lead to better decision-making in the event of another financial emergency. 
The Reason Foundation is funded by donations from individuals, foundations, and corporations. The foundation does not disclose its donors, but tax filings confirm donations from the Laura and John Arnold Foundation ($1.7 million in 2017),  the Searle Freedom Trust ($905,000 in 2018),  and the Dunn Foundation ($875,000 in 2013). 
David Nott is the president and CEO of the Reason Foundation and former president of both the Institute for Humane Studies and the Mercatus Center.
Mike Alissi is the vice president of operations at the Reason Foundation and the publisher of Reason magazine. Alissi is a former director at the Nuclear Energy Institute. 
Robert Poole is a co-founder of the Reason Foundation, where he is the director of transportation policy and a Searle Freedom Trust Transportation Fellow. Poole formerly served as a member of the 2000 Bush-Cheney transition team and as a privatization and transportation policy advisor to the Reagan, George H.W. Bush, Clinton, and George W. Bush administrations.